“In this article, they published the damning claim that the startup only generated $600K in revenue in 2021, all while burning about $10M/month in cash, and being close to running out of money.”
Fast made $600K in a year and burned $10M a month. Stripe led its $102M Series B anyway. It went from a near $500M valuation to shutdown in six days. About 450 people learned that top-of-market offers are only as good as the next funding round.